10-24-22 Notice of Public Hearing WF Industrial XIII

10/14/22

Application
CBA
Fiscal & Economic Impact Analysis
PILOT
 

NOTICE IS HEREBY GIVEN that a public hearing pursuant to Article 18-A of the New York State General Municipal Law will be held by the Town of Brookhaven Industrial Development Agency (the "Agency") on the 24th day of October 2022, at 10:00 a.m. local time, the at Town of Brookhaven Town Hall, 1 Independence Hill, Farmingville, New York 11738, in connection with the following matters:

WF Industrial XIII LLC, a limited liability company organized and existing under the laws of the State of New York, on behalf of itself and/or the principals and/or equity investors of WF Industrial XIII LLC and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, the "Company"), has applied to the Agency for assistance in connection with: (a) the acquisition of an approximately 9.89-acre parcel of land located at 645 National Boulevard, Medford, New York 11763 (SCTM 0200-812.00-03.00-005.009, 005.010 & 005.011) (the "Land"), (b) the clearance of approximately 9.03 acres of the Land and the construction thereupon of an approximately 129,237 square foot building, together with the acquisition, installation and equipping of improvements, structures and other related facilities attached to the Land (the "Improvements"), and the acquisition and installation therein of certain equipment and personal property (the "Equipment" and together with the Land and the Improvements, the "Facility"), which Facility will be leased by the Agency to the Company, and subleased by the Company to various tenants (the "Tenants"), for use as an industrial warehouse and distribution space (the "Project"). The Facility will be initially owned, operated and/or managed by the Company.

The Agency contemplates that it will provide financial assistance to the Company in the form of exemptions from mortgage recording taxes in connection with the financing or any subsequent refinancing of the Facility, exemptions from sales and use taxes and abatement of real property taxes, consistent with the policies of the Agency.

A representative of the Agency will, at the above-stated time and place, hear and accept written comments from all persons with views in favor of or opposed to either the proposed financial assistance to the Company or the location or nature of the Facility. Prior to the hearing, all persons will have the opportunity to review on the Agencys' website (https://brookhavenida.org/), the application for financial assistance filed by the Company with the Agency and an analysis of the costs and benefits of the proposed Facility.

Dated: October 14, 2022
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa MG Mulligan
Title: Chief Executive Officer

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